LFTD Partners Inc. Applauds Governor DeSantis for Vetoing Hemp Bill

LFTD Partners Inc., parent company of Lifted Made, has commended Florida Governor Ron DeSantis for his veto of Senate Bill 1698. According to LFTD, the bill's enactment would have forced the closure of approximately 5,000 businesses, resulting in the loss of 64,000 jobs and $7.3 billion in wages, and a loss of $8.9 billion in state revenue.

The company labeled SB 1698 as a monopoly attempt by major marijuana companies to dominate the cannabis market in Florida. LFTD emphasized the importance of competition and sensible regulations, including child-resistant packaging and lab testing, over shutting down the entire hemp industry.

LFTD Partners argued that hemp-derived cannabinoid products provide healthier alternatives to opioids and alcohol, helping individuals manage stress without severe health risks. They stressed that the government's resources should be better allocated than targeting the hemp industry.

The open letter from LFTD Partners praised Governor DeSantis for his decision to protect the hemp sector, which according to the company, enhances the state's economy and provides safer product choices for consumers.